v3.19.1
Condensed Statement Of Cash Flows - USD ($)
3 Months Ended
Mar. 31, 2019
Mar. 31, 2018
Cash Flows from Operating Activities:    
Net loss $ (2,342,996) $ (2,074,873)
Adjustments to reconcile net loss to net cash used in operating activities:    
Compensatory stock   12,150
Depreciation and amortization 11,533 14,600
Loss on sale of equipment 9,594  
Amortization of premiums and discounts on marketable securities, net (18,499) 14,907
Stock-based compensation 161,000 296,577
Amortization and termination of deferred research and development arrangement   (375,000)
Unrealized gain on fair value of warrants (1,513,371) (3,366,496)
Amortization of deferred lease incentive   (3,111)
Deferred rent   (5,463)
Changes in assets and liabilities:    
Prepaid expenses and other assets 73,367 73,276
Accounts payable and accrued expenses (906,350) (184,905)
Deferred revenue 150,000  
Other, net (4,373)  
Net Cash Used in Operating Activities (4,380,095) (5,598,338)
Cash Flows from Investing Activities:    
Purchase of equipment (13,181) (2,520)
Sale of equipment 5,500  
Purchase of marketable securities (8,887,566)  
Redemption of marketable securities 3,000,000 3,000,000
Net Cash (Used In) Provided by Investing Activities (5,895,247) 2,997,480
Cash Flows from Financing Activities:    
Issuance of common stock and units, net of issuance costs 7,653,828  
Net Cash Provided by Financing Activities 7,653,828  
Net Decrease in Cash and Cash Equivalents (2,621,514) (2,600,858)
Cash and Cash Equivalents - beginning of period 8,744,301 8,899,154
Cash and Cash Equivalents - end of period 6,122,787 $ 6,298,296
Supplemental Cash Flow Information    
Operating cash flows paid for amounts included in the measurement of lease liabilities 84,651  
Non-cash financing and investing activties:    
Warrants issued 4,735,913  
Operating right of use assets obtained in exchange for lease obligations: $ 380,935  

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